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  • Jan 03, 2025

Fed's Kugler says data will drive Fed policy choices amid uncertainty

Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what the economy will deliver in 2025 and will let upcoming economic data drive the course of monetary policy. In light of Fed forecasts last month for fewer interest rate cuts in 2025, "there is a view that we can take our time, to slow down" and be more "gradual" while watching the data to see if sticky inflation pressures start to ease again, Kugler said in a CNBC interview. If the resilient job market starts to lose steam, however, "we would be ready to act in a different direction" with monetary policy, she said.

  • Jan 03, 2025

Trump Won't Announce Strategic Bitcoin Reserve Via Executive Order, Says Analyst: 'He Would Likely Buy BTC In The Background'

Cryptocurrency analyst James Van Straten expressed skepticism on Thursday over the immediate announcement of a Bitcoin (CRYPTO: BTC) strategic reserve on Day 1 of Donald Trump’s office. What Happened: Van Straten ruled out the possibility of Trump issuing an executive order establishing a Bitcoin reserve, contrary to previous reports. “I don’t see Donald Trump announcing a BTC reserve via an executive order on Day 1 or in the near term,” he wrote on X. Don't Miss: Coinbase’s latest promo gets yo

  • Jan 03, 2025

Wall Street ends sharply higher with assist from tech; investors eye Trump policies

NEW YORK (Reuters) -U.S. stocks rebounded on Friday as investors neared the end of a holiday-shortened week that also rang in a new year, which brought with it expectations of additional Federal Reserve rate cuts and looser regulatory policies from the incoming administration. A broad rally sent all three major U.S. stock indexes to a higher close, with megacap growth companies, such as Tesla and Nvidia, providing much of the muscle to the upside and putting the tech-heavy Nasdaq out front. A multi-session selloff put a dour cap on what was a banner year for the equities market, as continued momentum of artificial intelligence technology and the U.S. Federal Reserve's first policy rate cuts in three-and-a-half years helped fuel double-digit gains in 2024.

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